Usually means: Distributing investments across various categories.
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We found 13 dictionaries that define the word Asset allocation:

General (3 matching dictionaries)
  1. asset-allocation: Wordnik
  2. asset allocation: Dictionary.com
  3. Asset Allocation, Asset allocation: Wikipedia, the Free Encyclopedia

Business (10 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. THE 'LECTRIC LAW LIBRARY'S REFERENCE ROOM (No longer online)
  3. Asset allocation: Moneyterms
  4. asset allocation: Finance-Glossary.com
  5. Asset Allocation: Investopedia
  6. Asset allocation: Securities Terminology
  7. Asset Allocation: Financial dictionary
  8. BusinessDictionary.com (No longer online)
  9. Yahoo Tax Center Glossary (No longer online)

Definitions from Wikipedia (Asset allocation)

noun:  Asset allocation is the implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investor's risk tolerance, goals and investment time frame.

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